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Outsourcing and technological change
Bartel, Ann; Lach, Saul; Sicherman, Nachum - 2009
We present a dynamic model where the probability of outsourcing production is increasing in the firm’s expectation of technological change. As the pace of innovations in production technologies increases, the less time the firm has to amortize the sunk costs associated with purchasing and...
Persistent link: https://www.econbiz.de/10003932479
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Artificial Intelligence and the discovery of new ideas : is an economic growth explosion imminent?
Almeida, Derick; Naudé, Wim; Sequeira, Tiago Neves - 2024
function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …
Persistent link: https://www.econbiz.de/10014464111
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The political U : new evidence on democracy and income
Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013412764
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The great happiness moderation
Clark, Andrew E.; Flèche, Sarah; Senik-Leygonie, Claudia - 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an addition to the Easterlin paradox, which states that...
Persistent link: https://www.econbiz.de/10009575162
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Does development reduce migration?
Clemens, Michael A. - 2014
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010423766
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Automation and income inequality in Europe
Doorley, Karina; Gromadzki, Jan; Lewandowski, Piotr; … - 2023
period marked by the rapid adoption of industrial robots. Automation reduced relative hourly wages and employment of more … input to the EUROMOD microsimulation model, we find that automation had minor effects on income inequality. Household labour … income diversification and tax and welfare policies largely absorbed labour market shocks caused by automation. Transfers …
Persistent link: https://www.econbiz.de/10014391207
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The future of work : challenges for job creation due to global demographic change and automation
Abeliansky, Ana Lucia; Algur, Eda; Bloom, David E.; … - 2020
differentiated by country income group. Finally, we examine how accelerated automation could affect job creation needs over the … target levels of 8 percent for youth and 4 percent for adults, and automation combine to require the creation of …
Persistent link: https://www.econbiz.de/10012169699
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Long-term effects of equal sharing: evidence from inheritance rules for land
Bartels, Charlotte; Jäger, Simon; Obergruber, Natalie - 2020
What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....
Persistent link: https://www.econbiz.de/10012288516
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Labor supply and automation innovation
Danzer, Alexander M.; Feuerbaum, Carsten; Gäßler, Fabian - 2020
supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus. …
Persistent link: https://www.econbiz.de/10012243297
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A new approach to testing marginal productivity theory
Biewen, Martin; Weiser, Constantin - 2011
We address the long standing question of whether production factors are paid their marginal products. We propose a new approach that circumvents the need to specify production functions and to compare marginal products to factor payments. Our approach is based on a simple equation that directly...
Persistent link: https://www.econbiz.de/10009519880